The final rules are due in 2015, and the FDA has been haggling over how to write them since Congress passed a food safety law in 2010. Regulators say balancing the need for tighter food safety standards after major food-borne illness outbreaks in spinach, eggs, peanuts and cantaloupe against the needs of farmers who are new to such regulations has been a challenge.
Michael Taylor, FDA's deputy commissioner for foods, says the agency is trying to "achieve the goal of food safety in a practical way." The rules are new terrain for the agency, he says.
Nepal clears Indian firm to build hydropower plant
KATMANDU, Nepal (AP) — Nepal's government signed an agreement Friday with Indian company GMR to build the Himalayan nation's largest hydroelectric plant in a small step toward easing chronic power shortages and attracting new investment.
The $1.15 billion Upper Karnali Hydro power plant would be the biggest private foreign investment in Nepal, putting India ahead of northern neighbor China, which has long shown interest in developing Nepal's power industry.
The agreement was signed by officials from Nepal Investment Board and the Indian company in the presence of Nepal's Prime Minister Sushil Koirala and Indian Home Minister Rajnath Singh.
The Kuro taste: Peppery tang and hint of squid ink
TOKYO (AP) — The first Kuro, or black, burger had a black bun and sauce. Last year's edition, the Kuro Ninja, added a slice of (non-black) bacon to the signature black components. Now Burger King Japan is going black on black.
The fast-food chain added black cheese and darkened the other ingredients in the special burger duo added to menus Friday. Marketing Manager Kana Ienega said Burger King Japan wants people to try the burger and find it tasty even though it may look unappetizing at first.
GM to introduce new, high-end Cadillac next year
DETROIT (AP) — General Motors will begin building a new, top-end Cadillac sedan late next year at its Detroit-Hamtramck assembly plant.
The auto maker said Friday that the rear-wheel drive car will make its debut in the first half of 2015, and that it will reveal the name of the new model soon.
The new Cadillac is part of a $384 million investment GM announced last spring in the assembly plant, which straddles the border of Detroit and the enclave of Hamtramck. That plant also makes the Opel Ampera, the Chevrolet Impala and the Cadillac ELR, a luxury version of the hybrid electric Chevrolet Volt. The carmaker said the factory is capable of building five models on one production line.
Pabst Brewing to be sold to Russian company
NEW YORK (AP) — The maker of Pabst Blue Ribbon beer is being sold to Russian company Oasis Beverages for an undisclosed sum.
Oasis is buying Pabst with TSG, an investment firm known for its work with consumer products companies. TSG Consumer Partners will take a minority stake in Pabst.
In addition to its namesake beer, Pabst Brewing Co. makes Colt 45, Old Milwaukee and Schlitz, in addition to regional brews such as Lone Star, Rainier and Old Style. Pabst was acquired in 2010 by C. Dean Metropoulos & Co., which is known for investing in food brands, including Twinkie maker Hostess.
By The Associated Press=
The Dow Jones industrial average edged up 13.75 points, or 0.1 percent, to close at 17,279.74. The Standard & Poor's 500 index lost 0.96 points, or less than 0.1 percent, to 2,010.40. The Nasdaq composite fell 13.64 points, or 0.3 percent, to 4,579.79.
Oil fell 66 cents to $92.41 a barrel as the dollar gained strength. Brent crude, a benchmark for international oils imported by many U.S. refineries, rose 69 cents, to $98.39 a barrel in London. Wholesale gasoline rose 5 cents to $2.611 a gallon. Heating oil was flat at $2.717 a gallon. Natural gas fell 7.3 cents to $3.837 per 1,000 cubic feet.